The clarion. [volume] (Jackson, Miss.) 1883-1888, 1887-02-09
Real Estate Syndicates- They
Build up Cities and Towns.
KANSAS Cry. Mo-. Jan 81. 1887


EDITOR CLARION: 1 noticed in recent
| issue of your paper suggestion to the ef-
feet that the capitalist of Jackson ought to
Tor were about to) organize syndicate for
the purpose of buying up real estate in and
near Jackson, for the purpose of improv-
| ing or subdividing and placing it on the
market in lots to suit small buyers. In
my opinion, this would do more to build
up your city and attract capital from
abroad than all things else that has ever
been done in that direction by the people
of that community, subscriptions to rail-
roads, fairs, ETC., not excepted. Besides
the advantages to be derived in the way of
"boom" for the city, the investors could
easily double their money in one or two
years if proper attention was given to the
matter Of division of the land in lots of
suitable size, and of placing the same be-
fore buyers. 1t is conceded by all here,
that the investment companies and real
estate agents have done more to make
Kansas City the city that she is, than all
other forces combined. When this city
was no larger than Jackson now is, it was
difficult, am told, to find any one who
had any faith in its future. AS an evil
dence of this, long after that period of
Kansas City's history, when her popula-
tants, several acres of land, now in the
heart of the city, were given by a Baptist
congregation to its minister, as part pay
ment for years service in lien of the
money, about $500, which they had
promised, but could not easily pay. A few
wears thereafter, when two or three invest
ment companies and a score or more OF
real estate agents had begun work in the
city, advertised the advantages it afforded
to the home-seeker and investor, the minis
ter who had moved away and left his in-
significant possessions without thought as
to their future, was astonished one day upon
the reception of letter containing an offer
of S40,O 900 for his little tract, which sum
was afterwards increased to So, 900, for
which he sold. Situated as Jackson is,
now a railroad center, and destined 10 be-
come the chief railroad center OF the State,
there is every reason why real estate IN
vestors there should make immense profits
and build up the city rapidly II they Will
follow the example of others who have
made great fortunes by handling real es-
tate in cities and towns whose advantages
were inferior to those of Jackson. When
ever people of other sections of the coun-
try are convinced that the people OF Jack
son have confidence in the future OF their
city and are directing their energies and
capital towards its success, they Will then
begin to send their capital forward for IN
vestment, and when the flow once begins 1t
willincrease in volume until your own
people will be as:onished at the rapid
strides that the once stagnant city is max
ing. Since came to this place, have
learned much of the methods and means
used in building up a city, and have been
yery forcibly impressed with the plan of
some of the most successful and weaithlest
investment companies here. Should any
of your capitalists think seriously of invest
ing in Jackson real estate, as the paragraph
referred to in The CLARION indicates, l
will take pleasure in furnishing them with
the plan which has given conspicuous sue
cess to some of the Kansas City investment
companies The great fault with Southern
towns and cities is the want of confidence
by the Southern people. In the transition
from the old to the new order of things,
they furnish the ground for suspicion as to
future success to outsiders, by the absence
of the confidence which prompts men to
devote their energies and means in bring
ing success out of failure. The idle capital
of the east will seek investment in your
city whenever your capitalists will set the
example. 1t is within the power of her
own citizens to lay the foundation of
splendid city and give to Jackson mar
vellous success if they but will it. Will
they do it /?
Yours, with best wishes,
RI a. WrrTrAncoN